Equatorial Guinea

Equatorial Guinea, as an oil exporter, remains relatively insulated from the direct supply disruptions and high Brent crude prices, maintaining a stable risk profile. Its 0% oil import dependency and low Hormuz exposure mean fuel availability is not a primary concern, with gasoline prices at a low $0.75/L and 180 days of reserves. While declining production is a long-term issue, the current high prices offer a revenue boost, mitigating immediate economic impacts. The outlook for the coming weeks suggests continued stability, though moderate food risk and a 25% fertilizer price increase bear watching for broader economic health.